The sector is currently lacking a recruitment pool of skilled, properly trained staff.
December saw a softening of performance, with global demand 15.3% below 2021 levels.
Global air cargo demand has continued to fall.
The aim is to launch the service before the 2023 Russia-Africa summit in St Petersburg in July.
Three non-stop weekly flights will run between South Africa and Hong Kong when the service begins on August 2.
A date for the start of operations is still to be announced.
Results will pave the way for first experimental test flight using SAF in one engine.
December spot rate registers largest year-on-year decline of 35%.
Air cargo revenues played a key role in cutting losses, with revenues expected to reach $201.4bn (R3.5trn).
By using a special fibre, the nets could save more than 50% in weight compared to their conventional counterparts.
The SAATM will provide more open market access for airlines registered in participating countries.
Lufthansa may still choose to become a minority partner or walk away from the offer completely.
